Altair Engineering Completes the Acquisition of the Mecalog Group and RADIOSS Technology

Altair Engineering Completes the Acquisition of the Mecalog Group and RADIOSS Technology

September 15, 2006

HyperWorks(R) and RADIOSS Clients to Benefit From Integrated and Expanded CAE Solution Suite

    TROY, Mich., Sept. 15 /Xinhua-PRNewswire/ -- Altair
Engineering, Inc., a leading global provider of technology
and services that strengthen client innovation and
decision-making, today announced that the acquisition of
the Mecalog Group and its RADIOSS product family of
computer-aided engineering (CAE) software technology has
been finalized. Mecalog, based in Antony, France, is a
leading global developer of transient, nonlinear CAE
technology to simulate safety-related performance as well
as other impact events. The expanded Altair(R)
HyperWorks(R) CAE technology suite now contains robust
solver solutions for linear, nonlinear, fluid and fluid
structure interaction, structural optimization and
multi-body dynamics applications, while delivering
best-in-class modeling, visualization and process
automation solutions. Financial terms of the transaction
were not disclosed.

    "During the entire acquisition process, we
identified new and innovative technology applications from
our combined solution set," said James R. Scapa,
president and CEO of Altair Engineering.  "The
exciting potential for technology 'firsts' reinforced by a
positive client response will deliver wide-ranging benefits
for the PLM community. I appreciate the employees in both
organizations for their valued contributions to Altair and
the advancement of HyperWorks as the preferred solution for
the desktop and enterprise."

    "Faurecia is pleased to see the merger of Altair
and Mecalog, two of its historical suppliers for the
automotive seats virtual design process and safety
simulations," said Laurent Guerin, manager, Faurecia
ASPG-R&D. "By combining their forces, it will
allow them to deliver a unified engineering solution that
will help their customers to face the continuous reduction
of development time in the automotive industry and growing
demand regarding accuracy of virtual testing compared to
physical testing." 

    Francis Arnaudeau, chief technologist and co-founder of
Mecalog, joins Altair as managing director of the RADIOSS
development organization. He will continue to oversee
RADIOSS software development and lead the advancement of
this technology.

    "Integrating RADIOSS and HyperWorks technology
offers our mutual customers a complete CAE solution,"
said Arnaudeau. "Those tools, combined with the
comprehensive customer support for which Altair has become
globally recognized, will provide a real competitive
advantage in their ability to help efficiently deliver
robust products to the marketplace."

    The combined HyperWorks and RADIOSS product families
are expected to give Altair one of the most comprehensive,
open-architecture CAE solutions in the industry, offering
best-in-class modeling, analysis, visualization and
performance data management solutions for linear,
nonlinear, fluid and fluid structure interaction,
structural optimization, and multi-body dynamics
applications. Committed to an open-systems philosophy,
Altair continues to lead the industry with the broadest
interoperability to the PLM market's CAD and CAE solutions.
The acquisition provides Altair with more than 30 offices
throughout North America, Europe and Asia/Pacific, with a
combined workforce exceeding 1,000 employees.

    "I am looking forward to seeing these two
dedicated, competent suppliers work together to build
strong, complete analysis products for the pre- and
post-processing and solver market," said Jyrki
Majamaki, NH90 Crashworthiness, EADS Eurocopter Deutschland
GmbH. "Leveraging the best-in-class resources of both
companies will enable Altair to provide alternative
solutions to those offered by traditional software
companies. This will be particularly valuable to industries
such as ours."
    To learn more about Altair Engineering, please visit
http://www.altair.com .

    For more information, please contact:

     Diane Forbes 
     Altair Engineering, Inc.
     Tel:   [phone] x464
     Email: [e-mail]

SOURCE  Altair Engineering, Inc.